The web’s most detailed review of Probit Global Exchange: When altcoin trading meets IEO’s and passive income from crypto staking you get Probit Global. This South Korean altcoin exchange has really put a stamp on the crypto scene by bringing fast trading and great rewards for passive investors. Launched in 2017 and since then has Probit Global kept on growing and offering more features for its loyal following. This exchange is something to really keep your eyes on as they are fighting to become a leader with lower than average trading fees and better than average staking yields. Read the full story in our Probit Global Exchange review.
• Trading interface is very responsive
• Use the PROB native cryptocurrency for lower fees and other benefits
• Supports over 50 different languages
• Non-regulated altcoin trading exchange
• No live chat is available
• Lacking educational material for beginner investors and traders
Why Probit Global
In this section of our Probit Global review we have highlighted 6 special features that sets them apart when compared to other platforms.
About Probit Exchange
Probit Global is an altcoin trading exchange with a range of features for both active traders and passive investors. The team behind the platform launched the exchange in 2017 in South Korea and it has since then reached several continents with the main GEOs being Korea, China, Russia, Indonesia, and Brazil. The operating company is called ProBit Global Services Ltd and has the main office at 30, Teheran-ro 8-gil, Gangnam-gu, Seoul 06240, KR.
Probit Global is mostly known for its altcoin trading features, a customizable charting interface, mobile trading app, staking, automated trading with Hummingbot, and great SMS notifications. The main motto of the team behind Probit Global is to serve as many people as possible with great trading and this goal is in continuous motion forward as they are growing quickly each year. The platform also supports nearly 50 languages including some very exotic which makes it accessible in nearly the whole world.
Why use Probit Exchange
If you are looking for an easy-to-use altcoin trading platform that offers fast execution speed and low slippage with direct access to the real market, then Probit Global will call your attention. The main feature of the exchange is speed and whatever you do is lightning fast which is crucial for active short-term traders. Another interesting part of the platform is the IEO (Initial Exchange Offering) section where you can vote for new coins to be listed on the platform. If you have found a new favorite gem on the market which is not yet tradable on Probit, head over to the IEO page and give it a vote.
If you are into staking and passive income then you will find good use of the Probit Global staking program where you can stake the native cryptocurrency PROB and earn a good reward. The highest yield on the exchange is currently 300% which is yielded over the course of a year.
For those who are actively trading the markets and are doing well for themselves, there are several trading competitions running all the time where you can enter and battle for great prices. In these competitions, you will earn different coins depending on which one you join, and all the coins you earn go directly into your wallet on Probit Global.
Probit Global Trading
My first impression of the trading part of Probit Global was definitely how fast the platform is. Everything from changing the layout actually using the chart is very smooth and there is no lag whatsoever. Probit supports Tradingview which will always guarantee perfection when it comes to doing technical analysis for both traders and investors.
The fact that you can change the user interface of the trading platform is very neat because every trader has his own preferred layout and with Probit Global, you can choose between several different layouts that suit your style. Some of the layouts will highlight the order book for those who rely on order flow and others will highlight the order selection box for instant access through one-click trading.
Payment Methods and Limits on Probit
Probit Global is a cryptocurrency deposit-only exchange and offers no fiat on-ramp. The minimum deposit is very low and you can pretty much start with 10$ if you just want to try it out before going live with more money. The minimum withdrawal limit is BTC 0.0005 and the maximum withdrawal limit is $500,000 per day if you have verified your identity with your KYC documents. If you have not sent in your KYC documents, then your daily withdrawal limit is $5000.
Keep in mind, you can trade crypto anonymously without KYC documents on Probit Global if you don’t want to trade more than $5000.
What sets Probit Global apart
As mentioned before, what sets Probit Global Exchange apart from many other similar platforms is the combination of fast trading through one-click trading and a customizable trade interface with the option to passively earn cryptocurrencies from the staking program. All of these features are of course available through the Probit Global App which is available for both Android and iOS.
Things to improve on
I noticed that Probit Global didn’t have a live chat function which is something that truly helps new investors with semi-complex questions regarding account questions and other more technical problems. I could not find an education center or blog with guides for new traders to digest before they get started on the platform, education is something that we think is very important, especially for beginner traders.
These pitfalls are small and should not be a deciding factor whether or not to use Probit Global. We recommend all our traders and passive investors to try it out, who knows, you might just have found your new home for crypto trading!
Probit Global Trading Fees
About the special features on Probit Global Exchange
There are several different features that will suit almost anyone on this platform and if you are a hybrid of both a short-term trader and a passive investor you will find the exchange very useful. First of all, we have the mobile app which is just as fast as the desktop web version, the automated trading feature through Bituniverse, grid trading, staking, IEO’s, and of course the native blockchain token PRBO that will reduce your cost of transaction on the exchange by 25%.
For first-time users, I recommend that you send in your KYC documents as soon as possible and activate the 2fa verification code with your smartphone. These two security features are great ways to protect your account and they are very easy to do. The KYC document is also a must for those who want to trade bigger and be able to withdraw more than $5000 daily.
Bituniverse is an app that offers bot trading and is an extra plugin for the Probit Global Exchange. All you need to do active the app is to create an account, download the Bituniverse app, and then use the API trading module to get started. When you have activated Bituniverse you can let the computer trade for you while you adjust the bots to do what you want.
Grid trading is another feature on Probit that comes with the Bituniverse app. When trading with a grid bot you are essentially trading the markets in very small increments, or very small price movements. You are making money by letting the bot trade the active range in the market. This is the ultimate buy low and sells high bot for traders who don’t have time to sit by the computer all day.
Activate the algorithmic trading on Probit with the Hummingbot application. With Hummingbot you can act as a market maker by buying and selling the bid-ask price over and over again and profit from the difference in price. This style of trading doesn’t require you to be right on the direction of the market you just need to have a good algorithm that scalps the price difference effectively. Think of it as high-frequency trading for the cryptocurrency markets.
Both the Bituniverse and Hummingbot programs come with options to automate your trading on Probit. This is the latest technology when it comes to crypto trading and I highly recommend that you give it a try. At first, it might seem difficult but with some practice, you will learn quickly how the bots and algorithms work.
Probit Exchange USA
Probit Global is available in the United States but traders from the US are not allowed to send in KYC documents. You can trade on the platform but you will be limited with the $5000 daily withdrawal limit. Other than that, US traders are free to join the platform and use the features.
Probit Exchange App
The Probit mobile app is an extension of the desktop version and a great option for traders who rely on mobile trading outside of their office or home. The app offers all the same features as the standard version but in a smaller format. Try it out and see how you can leverage your crypto trading from your phone.
Our own experience with Probit Global
Probit Global Funding Methods
Probit Global Withdrawal Fee
Is Probit Global legitimate and safe to use?
The company behind this project is a legitimate business and the platform features both KYC filing and a 2fa verification setup that protects your account. There is also a 72-hour withdrawal restriction when your password is changed which blocks any intruders from withdrawing funds even if they manage to get control over your account.
Is Probit Global Exchange regulated?
No, Probit is not a regulated crypto exchange.
Frequently asked questions
Read the most frequently asked questions about Probit Global. Find answers without searching the web.
Yes, it is good in many ways. Te trading fees are lower than the average and you can reduce them further by holding the native cryptocurrency PROB on the exchange. It is very easy to use for beginners who are just starting out. The staking mechanism is not complicated at all which makes it easy to start earning rewards straight away. Something else that makes it a good exchange is the number of altcoins listed. You can find many exotic gems that have just been released on the market which can carry a bigger potential upside.
The platform is available for US traders and investors, however, visitors from the USA is not able to send in their KYC documents and will therefore have a much lower daily withdrawal limit.
The platform reaches over several continents with the main markets in Korea, Russia, China, Indonesia, and Brazil. The company employs over 70 people at the moment which is considered to be a large business.
Probit is an exchange that offers great altcoin trading for short-term traders and a staking feature for passive investors. Use the platform to earn an income passively through staking coins or trade several differnt altcoins through their trading platform.
The operating company is called ProBit Global Services Ltd.
The first step is to enter the platform and click register in the top right corner. This process takes less than one minute and you are now a member of the community. From here you can choose to veirfy your identidy to increase your limits on the platform.
No, to start trading on the platform you do not have to send in KYC documents, however, users that have not verified their identidy will have a much lower daily withdrawal limit at $5000.
The main office is registerd at 30, Teheran-ro 8-gil, Gangnam-gu, Seoul 06240, South Korea.
Yes, they do. The mobile app offers the same features as the desktop version and can be downloaded for both Android and iOS.